Commercial banks quoted the shilling at 101.45/65 per dollar, compared with 101.35/55 at last Thursday’s close. “We could see a bit of last minute demand from players who had not covered their end-month obligations,” said a senior trader from a commercial bank. At 1002 GMT commercial banks quoted the shilling at 3,730/3,740, unchanged from last Thursday’s close. A trader from a leading commercial bank said the market typically receives significant inflows from such activity. On Thursday, commercial banks quoted the currency of Africa’s second-largest copper producer at 12.5000 per dollar from a close of 12.2300 on Wednesday last week.

Source: Standard Digital April 26, 2019 04:41 UTC